They often exhibit a similar-shaped curve that is shifted right or left from the original (see the chart above with three different short-term Phillips curves). A shift to the left, for example ...

The Anti-Phillips Curve Chart: No Relationship between Inflation and Unemployment. People wait in a line outside a career center in Louisville, Ky., April 15, 2021. (Amira Karaoud/Reuters) ...

The Phillips curve, named after a New Zealand economist who wrote about the relationship in the U.K. in 1958, isn’t considered to be foolproof. By 2011, ...

Phillips curve shifts will also reflect the cross-border spillovers of country-specific policy choices. Furthermore, the sudden abrupt deterioration of financial conditions may cause additional ...

Jason Furman errs in relying on a supposed Phillips curve trade-off between inflation and unemployment in his op-ed “The Fed Can Take Its Time Taming Inflation” (June 17). A plot of inflation ...

Inflation has climbed since 2021, as the labor market has tightened. Two historical data relationships can account for elevated inflation over the past two years: the Beveridge curve, which relates ...

The Economist argues that the Phillips curve may be broken for good, showing a chart of average inflation and cyclical unemployment for advanced economies, which has flattened over time (Figure 1).

Using sectoral data from 24 advanced economies in Europe, higher digitalization and lower trade intensity are shown to be associated with steeper Phillips curves. Post-pandemic Phillips curve ...

After which, Hanke and Greenwood doth protest too much. Friedman didn’t discredit the Phillips Curve, rather he just shifted the same faulty principles underlying it to so-called “money supply.” ...

We study the global inflation surge during the pandemic recovery and the implications for aggregate and sectoral Phillips curves. We provide evidence that Phillips curves shifted up and steepened ...